The two key concepts in group insurance are _____. A. risk is transferred from t
ID: 107518 • Letter: T
Question
The two key concepts in group insurance are _____.
A. risk is transferred from the group to the individual and the group shares the cost of any covered losses incurred by its member.
B. risk is transferred from the group to the individual and the individual shares the cost of any covered losses incurred by its member
C. risk is transferred from the group to the individual and the individual shares the cost of any covered losses incurred by its group
D. risk is transferred from the individual to the group and the group shares the cost of any covered losses incurred by its member
Explanation / Answer
The two key concepts in group insurance are _____.
D. risk is transferred from the individual to the group and the group shares the cost of any covered losses incurred by its member
group insurance cover the group of people like health insurance, retirement insurance , life insurance etc.
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